Thursday, July 19, 2012

STANDARD: Sen Miriam Defensor-Santiago on Thursday said corruption WITHIN the bureaucracy was driving foreign investors away as she slammed the proposals to amend the 1987 Constitution because it wasn't necessary. Corruption aside, she cited Manila's territorial dispute with Beijing in the West Philippine Sea as another reason why foreign investors would shy away from the country. "Investors are culturally shy of investment opportunities in a country that faces potential instability from a neighbor-state that is less than friendly."

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